A trended credit data report paints a more accurate picture of a borrower’s financial position by detailing their spending habits and ability to repay.
HOW TRENDED CREDIT DATA HELPS YOU APPROVE MORE LOANS WITHOUT MORE RISK
The major credit bureaus now provide lenders with trended credit data reports to complement traditional credit scores. This gives lenders greater confidence when evaluating risk.
IMPROVING YOUR LOS: A TRENDED CREDIT DATA REPORT EXAMPLE
The major credit bureaus now provide lenders with trended credit data reports to complement traditional credit scores. This gives lenders greater confidence when evaluating risk.
SUBPRIME AUTO BUBBLE: WHEN, HOW, AND WHAT TO DO ABOUT IT
Outstanding auto loan debt reached $1.27 trillion in the final quarter of 2018. Earlier this year the New York …
USING TRENDED CREDIT DATA FOR BETTER LENDING DECISIONS
You can draw immediate conclusions from a credit score, especially scores at extreme ends of the credit scoring range. …
UPGRADING TO AN LOS WITH INTEGRATED DMS IS WORTH IT. HERE’S WHY.
J.D. Power reports that nearly 84% of new-vehicle buyers in 2018 arranged financing through a dealership. For lenders, that …
WHICH CREDIT BUREAU DATA SHOULD AUTO LENDERS USE?
When’s the last time you thought about your credit bureau data? If you’re like most auto lenders, you usually don’t …
DIGITAL NOTIFICATION STRATEGIES FOR AUTO LENDERS
Fintech innovation is reshaping auto financing into a streamlined customer experience, as Boston Consulting Group (BCG) notes in Staying Ahead …
WHAT TO EXPECT WHEN EXPECTING A NEW SAAS LOAN ORIGINATION SYSTEM
We’ve met a lot of lenders in this situation: Their legacy loan origination system has become too pricey to maintain. …
AUTO LOANS FOR MILLENNIALS: WHAT YOU NEED TO KNOW
According to U.S. Census Bureau population projections, millennials are expected to overtake Baby Boomers in 2019 as the younger group’s …
